Would be a bad move to do a CR unless as a last resort. Thats why RYM SP is so depressed. Have to agree.
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Did you do the maths? If the punter bought perfectly at about $1.35 on the day MET paid out, Nov 3 2021 and sold perfectly at the $1.60 peak early 2021 or $1.59 late August 2021, they'd bank about $0.25 cps capital gains, less brokerage fees, less tax on profits, less missed dividends. Not such a brilliant trade, even for those who could time it perfectly.
The local fishing boats were out today bringing in the crayfish …….scored a decent one fresh off the boat.
Just finished cooking the turkey ,….. we have Xmas lunch at a vegetarians place and no meat cooking allowed but cold turkey is fine.
I’ll leave the waygu for my birthday
Thanks to all contributors to The OCA. It is certainly a lively thread. It has provided an interesting read when in waiting rooms this year! Whether you enjoy a crayfish, turkey or nut roast, Happy Holidays!
Merry Christmas Guys.
Merry Christmas to the OCA thread.
Here is a present for you all.
ANY company that has an interest free non callable loan that is equal almost to the equity capital of that company (let alone one which grows at 26% per year), all they have to do with their funds is something that isn't stupid and you're going to have a hell of a result over the long term. Then imagine on top of that another dollop of cash equal to nearly half your equity at extremely low rates for a long time as well. You don't have to invest it well to have a hell of a good result.
Let's put this into simple terms.
You have saved up $949,000 and then uncle Ebeneezer of Nigeria has loaned you $817,000 interest free and promised to give you more and more and he can't ask for it back, now you have 1.8 million dollars to invest, well you can just jam it into a term deposit and you're going to do very well. But wait, some other idiot gives you another $380,000 at ridiculously low interest rates (well below the term deposit).
You don't need to do anything special to generate incredible returns on your $949,000.
But imagine if you were a decent investor as well and you had a long track record of being able to allocate capital effectively.
Would you then take this 2.2 million dollar investment vehicle and sell it for $560,000?
Or if it was offered to you would you happily pay $560,000 for it?